ADA was pushed down from 0.43 to nearly 0.365 in a suffocating manner, but immediately bounced back with a series of thick green candles. The way the price climbed back to the 0.43 area without any serious retest is a very clear signal: the buyers do not want to share tickets with retail.
This is the model of 'squeezing supply and then pulling', extremely familiar before starting a new upward cycle. Notably, the subsequent low does not break the previous low despite strong selling pressure, meaning the whales have supported the bottom at the right time.
ADAUSDT
Perp
0.452
+3.24%